[Funding news] CA-based Letta Secures $10Million in Seed Funding

Letta, a generative AI firm that was formed from the AI research lab at UC Berkeley, came out of stealth with a $10 million seed investment. Angel investors Jeff Dean (Chief Scientist at Google DeepMind), Clem Delangue (CEO of HuggingFace), Cristobal Valenzuela (CEO of Runway), Jordan Tigani (CEO of MotherDuck), Tristan Handy (CEO of dbt Labs), Robert Nishihara (co-founder of Anyscale), and Barry McCardel (CEO of Hex) participated in the round led by Felicis.

With the money, the company plans to continue developing it’s Cloud, a new hosted platform that enables developers to create and distribute agents with cutting-edge memory systems.

With the money, it intends to carry out the development of Letta Cloud, a new hosted solution that enables developers to create and distribute agents with cutting-edge memory systems. Using REST APIs, developers may deploy and operate stateful agents in the cloud with Letta Cloud’s hosted agent service.

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It is “model agnostic,” which allows developers to move their agents to any LLM provider and quickly switch between model endpoints (even allowing one agent to function on several models).

Furthermore, agent builders can create and debug agents using Letta Cloud’s “Agent Development Environment” (or “ADE”) by directly examining and modifying the agent’s memory and prompts. This is made possible by Letta’s use of “white-box memory,” which, in contrast to many other agent frameworks now in use, makes clear to the developer exactly what cues and memories are being provided to the LLM at each reasoning step.

Co-founders of Letta Charles Packer and Sarah Wooders got to know each other while doing their doctoral work at UC Berkeley’s Sky Lab under the guidance of Joseph Gonzalez and Ion Stoica. Additionally, both professors are becoming advisors on the Letta founding team.

In addition to providing early developers with access to the beta of its Letta Cloud hosted platform, the business is offering its new Agent Developer Environment and API platform for creating and deploying AI agents for free. Developers can register for the hosted beta at letta.com and install the open source Letta software.

About Letta

At Letta, they think that programming memory is the first step in creating programming agents. Additionally, they were using their extensive knowledge of systems, AI, and research to develop the stateful APIs of the future, beginning with memory management.